[Click eStock] Jcontentree, Unlimited Broadcasting Capacity

[Asia Economy Reporter Lee Seon-ae] Daishin Securities announced on the 14th that it maintains a Buy rating and a target price of 81,000 KRW for J Contentree. This is due to growth expectations.

Last year, J Contentree's revenue was 7.2 trillion KRW, a 97% increase compared to the previous year. Operating profit was -62.1 billion KRW, turning to a loss compared to the previous year. However, this year, revenue is expected to increase by 13% to 8.1 trillion KRW, and operating profit is forecasted to turn positive at 33.8 billion KRW.

First, in the broadcasting business, JTBC is scheduled for Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday, and JTBC-OTT will be broadcast simultaneously. Profitability improvement is expected due to the expansion of production scale, including OTT original content supply, and especially the issue of rights impairment is expected to ease.

The growth potential of broadcasting is evaluated as unlimited. This year, the expected number of JTBC projects is 15 (+1 project yoy). A total of 25 projects (+8 projects yoy), including 10 OTT-type projects. The U.S. subsidiary Wiip is also preparing more than 5 projects, and projects for Southeast Asian OTTs are underway, so up to 35 projects are expected.

Kim Hee-jae, a researcher at Daishin Securities, said, "Considering the triple home run success of Netflix originals 'D.P.', 'Hellbound', and 'All of Us Are Dead', the recent stock price is judged to be undervalued due to the sharp decline in Netflix's stock price," adding, "Now is a buying opportunity."

This content was produced with the assistance of AI translation services.